BofA Turns Bullish On XPO Logistics, Chart Industries

BofA upgraded four industrial sector companies.
Analyst Ken Hoexter upgraded XPO Logistics Inc (NYSE: XPO) to Buy from Neutral and raised the price target to $96 (an upside of 32%) from $70.
The analyst shifted his valuation to a sum-of-the-parts from a P/E basis, citing the company's proposed break-up and asset spins.
Related: Read How Analysts Reacted To XPO Logistics' Transformation Plan
BofA analyst Chase Mulvehill upgraded Chart Industries Inc (NYSE:GTLS) to Buy from Neutral.
BofA analyst Ronald Epstein upgraded Booz Allen Hamilton Holding Corp (NYSE:BAH) to Neutral from Underperform and raised the price target to $90 (an upside of 6.7%), from $80.
Analyst Ronald Epstein also upgraded Parsons Corp (NYSE:PSN) to Neutral from Underperform with a price target of $39 (an upside of 5.4%).
Price Action: XPO shares are trading higher by 0.66% at $72.87, GTLS higher by 0.10% at $170.05, BAH higher by 0.68% at $84.39, and PSN higher by 1.23% at $37.01 on the last check Friday.